News Archive | Page 5 of 22 | Flourish Ventures

[CNA] Mom-and-pop shops in India struggle amid competition from online platforms, retail chains

One store owner is fighting to survive, offering a wide variety of items and embracing technology to retain his customers. MUMBAI: Mom-and-pop shops, known locally as kirana stores, can be found all over India – on busy city streets, the tiniest of lanes in slums, and even hard-to-reach rural areas....

[TechCrunch] Once scammed for ten grand, this VC is building a crypto security vault

View the full article on TechCrunch One of the barriers to bringing cryptocurrency into the mainstream is the frequency of fraud in the space. Last year alone, over $3.9 billion worth of crypto was “lost”, according to an industry report, even though the number was already down roughly 50% from...

[Forbes India] This is me: Indian women founders are taking up space by being unapologetic

By Rajiv Singh, Forbes India Staff An army of new-age founders is scripting a bold story, moving away from the clichéd gender narrative. What’s helping them is their valuable higher education, a sizeable corporate stint, and the courage to be unapologetic New York, December 2017 “When the sharpest words wanna...

[TechCrunch] 7 investors reveal what’s hot in fintech in Q1 2023

View the full article on TechCrunch The global downturn has impacted every sector, but fintech bore the brunt of it as public-market valuations fell off a cliff last year. However, it appears that even though VCs are proceeding more cautiously than before and taking their time with due diligence, they...

[Unlocking Africa] From Idea to Impact

Investing in Africa's Most Promising Mission-Driven Startups with Emmanuel Adegboye Episode #58 with Emmanuel Adegboye, who is the Head of Madica, which is an Africa-focused pre-seed investment program empowering underrepresented and underfunded mission-driven founders on the continent. The sector-agnostic platform, affiliated with Flourish Ventures, aims to empower entrepreneurs with the...

[UKTN] US fintech unicorn Alloy launches in UK

New York-headquartered Alloy has launched in the UK, establishing the fintech company’s first physical location outside of its home market. Last September, Alloy raised $52m (£43.1m) in Series C capital at a $1.55bn (£1.3bn) valuation. The company has created a single API that conducts know your customer and business, anti-money...

[DealStreetAsia] Bangladesh B2B startup ShopUp secures $30m debt financing

ShopUp, a Bangladesh-based business-to-business (B2B) commerce startup, announced on Thursday that it has secured a $30-million debt financing from global debt provider Lendable and local lender The City Bank. The funding, which marks a significant milestone for ShopUp and the entire startup ecosystem in Bangladesh, follows the company’s $65-million follow-on...

[GGV Capital] Embedded Fintech 50

GGV Capital is excited to unveil the inaugural Embedded Fintech 50, a list highlighting the rising stars in fintech innovation. Congratulations to the companies that earned a spot!

[ TechCrunch] TrueBiz Aims to Help Financial Services Providers Onboard Business Customers Faster, Avoid Fraud

Due diligence was a big topic in 2022 for a variety of reasons. View the full article on TechCrunch But due diligence doesn’t just apply to investors pouring money into startups, or companies acquiring other companies. Businesses, especially those operating in financial services, also have to conduct an appropriate amount...

[The New York Times] Easy to Use, Mobile Payment Apps Are Also Easy to Misuse

While they have taken steps to help prevent mishaps, a new report finds they offer few protections if, for instance, users accidentally send money to the wrong person. View the full article on the New York Times The use of mobile payment services has surged — along with worries about...

[Bizz Buzz News] ApnaKlub ropes in new investors to increase total Series-A funding to $16 million

ApnaKlub, a B2B wholesale platform for fast-moving consumer goods, has raised an additional funding of $6 million in its Series-A round. It had earlier raised $10 million in the round. The latest round brings the Series-A total to $16 million. ApnaKlub, a B2B wholesale platform for fast-moving consumer goods, has...

[Daily Social] Qoala Announces 113 Billion Rupiah Additional Series B Funding

The total funding in the series B round reached $ 72,5 million or more than 1,09 trillion Rupiah. *28/3/2023: We updated the funding amount information according to the release published by Qoala Startups insurtech Qoala announced that it has completed an additional $7,5 million (over 112 billion Rupiah) in Series B funding....